Emergent (EBS) To Help Vaxart Develop Coronavirus Vaccine
Zacks Investment Research | Mar 18, 2020 11:55PM ET
Emergent BioSolutions Inc. (NYSE:EBS) announced that it has entered into a manufacturing agreement with Vaxart, Inc. (NASDAQ:VXRT) to produce the clinical material for the latter’s experimental oral vaccine candidate against the novel coronavirus disease (COVID-19). Development services will begin immediately.
The oral recombinant vaccine candidate is based on Vaxart’s proprietary VAAS platform. Emergent will utilize its molecule-to-market contract development and manufacturing (CDMO) services to produce the clinical material for helping Vaxart initiate a phase I clinical study on its experimental COVID-19 vaccine candidate. The study is expected to begin early in the second half of this year.
Financial terms of the deal have been kept under wraps.
Per the agreement, Emergent will provide development services from its Gaithersburg, MD location and manufacture drug substance at its Bayview facility in Baltimore, MD, which is the same plant to be in use for the company’s recently announced collaboration work with Novavax, Inc. (NASDAQ:NVAX) .
Last week, Emergent inked a collaboration deal with Novavax to support the latter’s development of a vaccine candidate to protect from COVID-19.
In the same week, Emergent initiated developing two product candidates for the treatment and prevention of COVID-19. The company’s evaluation of the candidates will leverage its hyperimmune platforms. It plans to begin a clinical study in the third quarter of 2020.
Shares of Emergent have rallied 15.2% in the past year against the Zacks Investment Research
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